BITFINEX:BTCUSD 's attempt at the $3000 ATH in June 2017 was followed by an the initial selloff, then several weeks of sideways movement, before a huge plunge to $1850 (a previous high) before beginning the move upwards towards $5000. Will we see something similar now? Perhaps a period of sideways movement, followed by a plunge (perhaps toward $3000 - June's...
Can history repeat itself with STRAT/BTC? Current patterens over the past 2 weeks are looking awfully similar to those at the end of May. RED lines replicate an almost symmetrical V. BLUE lines represent a bearish trend followed by a quick spike up. GREEN lines are a widened version of the red. And finally the lengthened YELLOW downtrend. It was around this time...
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards :) Aaron
The chart says everything!